Johnson Controls CEO Oliver to retire, board launches succession search; appoints Patrick Decker as director

Johnson Controls International plc

CEO George R. Oliver to retire after leading portfolio transformation since 2017; will remain chair until successor is named.
Board appoints Patrick Decker (former Xylem CEO) as independent director; board now has 13 members, 12 independent.
Special retention RSU awards of $2.75M each granted to CFO Marc Vandiepenbeeck and President Lei Schiltz, cliff-vesting over two years.
Elliott Investment Management supports board and leadership actions, citing portfolio changes and potential for shareholder value.
CEO search includes internal and external candidates, aided by a nationally recognized executive search firm.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

George R. Oliver

Chairman and Chief Executive Officer

JCI · Johnson Controls International plc

Filed: August 5, 2024, 7:59 PM ET

On July 31, 2024, the Company announced that George R. Oliver, its Chairman and Chief Executive Officer, has informed the Board of his plan to retire and requested that the Board initiate the Company’s Chief Executive Officer succession plan.

Appointed

Patrick K. Decker

Director

JCI · Johnson Controls International plc

Effective: 2024-07-31
Filed: August 5, 2024, 7:59 PM ET

Appointment of New Director Effective July 31, 2024, the Board of Directors (the “Board”) of Johnson Controls International plc (the "Company") increased the size of the Board to 13 directors in accordance with its Memorandum and Articles of Association and appointed Patrick K . Decker to serve as a member of the Company’s Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

George R. Oliver departed as Chairman and Chief Executive Officer at Johnson Controls International plc.

Action: plan to retire
Role: Chairman and Chief Executive Officer

Exact text from the filing

On July 31, 2024, the Company announced that George R. Oliver, its Chairman and Chief Executive Officer, has informed the Board of his plan to retire and requested that the Board initiate the Company’s Chief Executive Officer succession plan.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick K. Decker was appointed as Director at Johnson Controls International plc.

Action: appointed
Role: Director

Exact text from the filing

Appointment of New Director Effective July 31, 2024, the Board of Directors (the “Board”) of Johnson Controls International plc (the "Company") increased the size of the Board to 13 directors in accordance with its Memorandum and Articles of Association and appointed Patrick K . Decker to serve as a member of the Company’s Board

View on SEC.gov

Johnson Controls International plc filing history →

Source: SEC EDGAR

accession 0000833444-24-000055

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